U.S. and India Inaugurate Effort to Bolster
Jharkhand Fiscal Systems
August 16, 2005
![United States Agency for International Development (USAID) Mission Director George Deikun opened the fiscal unit for business in a joint ceremony held at the state government Administrative Training Institute, Ranchi, Jharkhand](https://webarchive.library.unt.edu/eot2008/20081109150030im_/http://www.usaid.gov/in/images/Jharkhand.jpg)
RANCHI (Jharkhand) -- U.S. and Indian officials
today inaugurated a specialized fiscal unit here
aimed at bolstering public finance systems in the Jharkhand state. Better forecasting, budgeting and
investment of public resources are the aims of the
bilateral effort.
Government of Jharkhand Finance Minister Shri
Raghubar, and United States Agency for International
Development (USAID) Mission Director George Deikun
opened the fiscal unit for business in a joint
ceremony held at the state government Administrative
Training Institute where it will reside and operate.
The new unit is called the Center for Fiscal
Studies.
USAID will share technical expertise, fiscal
analysis methods and tools with dedicated state
public finance professionals to strengthen financial
decision-making. Knowledge and practices gained will
help the state better forecast state revenues and
the impact of budget policies, improve budget
preparation processes, and update information
systems that track and manage state debt and
spending.
Few states in India have such specialized cells
to conduct fiscal analysis on a regular basis. The
dedicated fiscal cell inaugurated today is part of a
broader, five-year U.S.-India initiative led by
USAID called “Reform,” to strengthen public fiscal
systems in Jharkhand, Karnataka and Uttaranchal.
Speaking on the occasion, USAID Director George
Deikun said: “U.S.-India relations are stronger than
they have ever been. Prime Minister Singh and
President Bush have pledged to transform the
relationship between the countries and establish a
global partnership.”
“A healthier bottom-line in public budgets can
fuel economic growth and improve quality of life for
all of India’s citizens. At the state level in
particular, fiscal strength promotes access to
social services for people who need and use them
most,” he said.
Mr. Deikun’s participation at the opening
ceremony is part of a four-day visit to Jharkhand
where he is visiting a number of USAID-supported
investments in health care, HIV/AIDS education and
rural development.
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